UAW Expected To Announce Significant New Strikes Against Stellantis And GM; Is Expected To Announce New Labor Actions Targeting At Least Six GM, Stellantis Facilities In Michigan
Portfolio Pulse from Benzinga Newsdesk
The United Auto Workers (UAW) union is expected to announce significant new strikes against Stellantis and General Motors (GM), targeting at least six facilities in Michigan, according to Reuters.
September 22, 2023 | 1:51 pm
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General Motors could face significant labor strikes at its facilities in Michigan, which may disrupt its operations and potentially impact its financial performance.
Labor strikes can disrupt production, leading to delays and potential financial losses. If the strikes are prolonged, GM's stock price could be negatively affected in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Stellantis may also face labor strikes at its Michigan facilities, which could disrupt its operations and potentially impact its financial performance.
Labor strikes can disrupt production, leading to delays and potential financial losses. If the strikes are prolonged, Stellantis' stock price could be negatively affected in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100